Defined Benefit (Pension)
2024 plan-year Defined Benefit (Pension) DOL Form 5500

The PNC Financial Services Group, Inc. Pension Plan

ERISA Form 5500 plan record drawn from DOL EBSA โ€” verify with linked source filings below.

Sponsored by The PNC Financial Services Group, Inc. ยท Pennsylvania ยท Finance & Insurance

What the 2023 filing shows

The PNC Financial Services Group, Inc. Pension Plan holds $5.5B for 58,779 participants - about $94,064 per participant, down 1.9% over the 2024 plan year.

$5.5B
total plan assets (2024 EOY)
58,779
covered participants
$94,064
avg assets per participant
-1.9%
assets change YoY

The plan reported a net loss of $107M for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$5.5B
Participants
58,779
State
Industry
Finance & Insurance

What the Filing Says About The PNC Financial Services Group, Inc. Pension Plan

The PNC Financial Services Group, Inc. Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by The PNC Financial Services Group, Inc., headquartered in Pennsylvania. As of the 2024 Form 5500 filing, the plan reports $5.5B in total end-of-year assets and covers 58,779 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 251435979, and the plan has been effective since 1984-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $5.6B at the beginning of 2024 to $5.5B at year-end โ€” a decline of 1.9%. Net assets (after liabilities) closed the year at $5.5B, with reported net income of $-107,208,000 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows โ€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$5.6B
Total Assets (End of Year)$5.5B
Net Assets (End of Year)$5.5B
Net Income$-107,208,000
Plan TypeDefined Benefit (Pension)
Employer EIN251435979
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The PNC Financial Services Group, Inc.)

Year Plans Participants Total Assets
2022 2 123,182 $13.5B
2023 2 125,377 $15.0B
2024 2 113,383 $15.7B

Nearby Defined Benefit (Pension) Plans in Pennsylvania

Peer Defined Benefit (Pension) plans โ€” same state, same plan type โ€” ranked by total assets.

Frequently Asked Questions

How much money is in the The PNC Financial Services Group, Inc. Pension Plan?
As of the 2024 Form 5500 filing, The PNC Financial Services Group, Inc. Pension Plan holds $5.5B in total assets with 58,779 participants. It is sponsored by The PNC Financial Services Group, Inc..
What type of plan is The PNC Financial Services Group, Inc. Pension Plan?
The PNC Financial Services Group, Inc. Pension Plan is a Defined Benefit (Pension) plan. It has been effective since 1984-01-01. The plan is filed with the U.S. Department of Labor under EIN 251435979.
Who sponsors the The PNC Financial Services Group, Inc. Pension Plan?
The PNC Financial Services Group, Inc. Pension Plan is sponsored by The PNC Financial Services Group, Inc., located in Pennsylvania. The sponsor's EIN is 251435979 and the plan operates in the Finance & Insurance industry.
How did The PNC Financial Services Group, Inc. Pension Plan perform in 2024?
The PNC Financial Services Group, Inc. Pension Plan declined by 1.9% during 2024, moving from $5.6B to $5.5B in total assets. Net income was $-107,208,000.
Where can I find official filings for The PNC Financial Services Group, Inc. Pension Plan?
Official Form 5500 filings for The PNC Financial Services Group, Inc. Pension Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 251435979 or plan name at efast.dol.gov.
How does The PNC Financial Services Group, Inc. Pension Plan compare to other plans?
You can compare The PNC Financial Services Group, Inc. Pension Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in Pennsylvania on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) โ€” original filing retrieval by EIN 251435979.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.